Prudeta
Prudeta
2026 INSC 363
📌 Paras 1-15
The respondent deposited two cheques totalling over Rs. 1 crore into her savings account with the appellant bank. The bank initially credited the amounts but subsequently debited them with the remark 'online cheque return'. The cheques were later presented again but returned as stale or out of date. The respondent alleged deficiency in service by the bank for failing to present the cheques within their validity period, causing her financial loss and preventing her from pursuing remedies against the drawer.
📌 Para 21
Whether the appellant bank was deficient in service by failing to present the cheques for clearing within their validity period, and if the bank could be excused under Section 75A of the Negotiable Instrument
The bench further analyzed the constitutional validity of the impugned provisions and discussed the interpretation of Articles 14 and 21 in light of recent precedents...
Citing the ratio in prior decisions, the court held that the legislative intent was to ensure...
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